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Backup Offers

506 NW 87th Ave Unit 111, Miami, FL, 33172

$260,000

Home List Price

$3,088*

Closing Credit

1 Bedroom
1 Full Bath
839 SqFt
$310/SqFt
Condo
Schools Nearby

Location

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506 NW 87th Ave Unit 111, Miami$260,000

Buyer Closing Credits

$3,088*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Guest, One Space
Garage1 space
Year Built1974
HeatingCentral
CoolingCentral Air
ViewPool, Tennis Court
MLS #A11565752
StatusAccepting Backup Offers
(Active Under Contract)

About 506 NW 87th Ave Unit 111

Adorable first floor unit in the very sought after Fernwoods Condominium. This unit is is very spacious with an updated kitchen with stainless steel appliances, Large Living Room/Dining Room and a very spacious bedroom. Washer/Dryer in unit for for your convenience. Screened in balcony, merely steps from the pool and lake. This building is centrally located near near malls, restaurants, 836, I75 and Palmetto Expressway. Brand new AC will be installed prior to closing and brand new roof is being installed. Currently Tenant Occupied month to month, paying $1,600 per month, unit can be delivered vacant.

Property Details

Property Features

Property Information:

  • Architectural Style: Garden Apartment
  • Year Built: 1974
  • Living Area: 839 SqFt

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Elissa Urquiaga

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Bedroom on Main Level, First Floor Entry, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Pool, Tennis Court
  • Exterior: Balcony, Patio

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Guest, One Space

Virtual/3D Tour

  • Virtual Tour: 506 NW 87th Ave Unit 111

Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Miami Coral Park Senior High School, Public Magnet Grades 9-12
  • Ruben Dario Middle School, Public District Grades 6-8
  • Charles R. Hadley Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
  • Price Per SqFt: $310/SqFt

HOA Fees:

  • Amount: $246
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

506 NW 87th Ave Unit 111 vs Miami

20 DAYS ON ROCKET

-39 Days

$260,000

-$280K Less

$310/SqFt

-$70 Less

KEY TAKEAWAY

This property is $280K less than the Median Sold Price and $70/SqFt less than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11565752

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Elissa Urquiaga

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 5:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,611

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3238818
7
/10

  • Charles R. Hadley Elementary School

  • 8400 NW 7th St

  • 0.27 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3238819
4
/10

  • Ruben Dario Middle School

  • 350 NW 97th Ave

  • 1.12 miles

  • Public District Grades 6-8

High School

school-card-donut-3238820
4
/10

  • Miami Coral Park Senior High School

  • 8865 SW 16th St

  • 1.44 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,346. Residents of Miami, FL typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 NW 87th Ave Unit 111

What is the listing price of this property?

The listing price of 506 NW 87th Ave Unit 111 property is $260,000.

What type of property is this?

The property 506 NW 87th Ave Unit 111 is a condo located in Miami, Florida, 33172.

Is this property for sale now?

Accepting Backup Offers: 506 NW 87th Ave Unit 111 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 506 NW 87th Ave Unit 111 are:
Charles R. Hadley Elementary School: GreatSchools Rating 7/10
Ruben Dario Middle School: GreatSchools Rating 4/10
Miami Coral Park Senior High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 506 NW 87th Ave Unit 111 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 506 NW 87th Ave Unit 111 is 839 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 NW 87th Ave Unit 111 is 1974.

Rocket Homes›Florida›Miami-Dade County›Miami›33172›506 NW 87th Ave Unit 111

This home is located at 506 NW 87th Ave Unit 111 in Miami, FL and zip code 33172 in the Fountainbleau neighborhood. This 839 square foot home was built in 1974. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $260,000.

In March 2024, from all listings sold in Miami, FL there were more than 115 sold above asking price, over 619 sold below and more than 149 were sold right at the asked price. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $540,091.

From Rocket Homes Real Estate and based on county public records data.

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